Finnish businesses look to cooperate with SP-ITC on seaport development
By Le Anh
|Representatives of ITC and the Finnish Embassy in Vietnam discuss cooperation opportunities at the SP-ITC International Terminal in HCMC on April 21 – PHOTO: LE VINH|
HCMC – Vietnam’s International Transportation and Trading JSC (ITC), which operates the SP-ITC International Container Terminal in HCMC, and the Finnish Embassy in Vietnam joined a working session on April 21 at the terminal to discuss cooperation between ITC and Finnish firms in the logistics sector, especially in the field of seaport equipment.
Since it was put into operation in September 2016, the SP-ITC International Container Terminal has become a leading gateway for import and export commodities in the southern key economic zone. Especially after the European-Vietnam Free Trade Agreement (EVFTA) took effect, the volume of goods shipped from Vietnam to the European Union as well as to Finland has risen tremendously, including textile-garment, footwear, furniture items and coffee, said an ITC representative.
Also, the amount of goods imported from Finland into Vietnam has been on the rise, such as wood and wooden products and paper, and the SP-ITC terminal remains one of the top ports in the country among importers and exporters.
According to the Finnish Ambassador to Vietnam Kari Kahiluoto, Finnish enterprises viewed Vietnam as an ideal entrance to tap the ASEAN market as well as the southern China market, adding that the SP-ITC terminal operating effectively over the past years will prompt Finnish firms to make further investments in Vietnam. The Finnish Ambassador hoped that the EVFTA will continue to promote bilateral trade between Vietnam and the EU, especially Finland.
He also emphasized on cooperation opportunities between Finnish tech firms and manufacturers of seaport operating equipment with ITC. With Finland being known for its technology and SP-ITC’s strategy to constantly deploy advanced technology to improve its operations, the two sides can cooperate in research and development.
In response, an ITC leader said that the company will continue to develop deep water port projects across the country in the upcoming period and the two sides will definitely have plenty of opportunities to cooperate in the technology sector via ITC’s projects.
Located in the Dong Nai River, SP-ITC is the first private international terminal in HCMC and can receive vessels of up to 45.000 DWT.